Bulk Packaging to Drive the Edible Oil Packaging Market,

2023-01-05 16:21:41 By : Ms. Lily Zhuoxin

December 01, 2022 06:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, Dec. 01, 2022 (GLOBE NEWSWIRE) -- The global edible oil packaging market is expected to witness a CAGR of 5.8% between 2021 and 2031. Alteration in lifestyles of end-consumers has resulted in an exponential demand for various consumables with extra preservatives and longer duration. Ready-to-eat foods are also witnessing an exponential demand. The end-consumers are, in fact, coming to terms with nutritional benefits of edible oils like they being rich with micronutrients, bioactive substances like alkaloids, and helping in proper functionality of nervous system and brains. Soybean oil has been looked upon as a good source of nutrition, but those allergic to soya could opt for rice bran oil instead.

The government authorities are into reduction of tariffs on import and export of oils by categorizing them as ‘essential consumable items’. On these grounds, the Indian government has sent a safety passage to exports of edible oils but for mustard oil, that too, without any quantitative ceiling.

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Owing to environmental concerns, the key participants are going for ecological alternatives to toxic pollutant raw materials. As such, extensive investment is being done with regards to biodegradable substitutes. This would help in safeguarding the ecosystem. Adopting sustainable raw materials does make way for lucrative opportunities for the OEMs, thereby helping them in expanding the consumer base.

The idea of bulk packaging solutions is being floated, so as to reduce overheads. The big-sized packaging solutions inclusive of cans, drums, and jerry cans, which are capable of carrying over 5 liters of edible oil, are basically made from plastic and steel.

At the same time, the fact that there is a non-uniformity with respect to regulations being laid down by the governments all over regarding compliance with food safety norms could restrain the edible oil packaging market in the forecast period. The low-income regions are more into facing the brunt as the governments need to work upon these rules on the war footing. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Edible Oil Packaging Market’. The analysts and consultants are there to execute it through primary, secondary, and tertiary research.

Key Takeaways from Edible Oil Packaging Market

“With increase in adoption of various packaged foods coupled with growing food processing industry, the global edible oil packaging market is expected to stand tall in the forthcoming period”, says an analyst from Future Market Insights.

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What does the Report Cover?

Edible Oil Packaging Market by Category

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    3.1. Key Trends Impacting the Market

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